mPayy, a provider of mobile and online alternative payments, has made its ‘mPayy Mobile Payments’ application from the iTunes store available for free download to all iPhones and iPod Touches.

mPayy has said that all personal and business account holders may use the iPhone application to make and receive person-to-person payments, track activity and withdraw funds from mPayy accounts to linked bank accounts. Business account holders are also able to issue refunds for any sale through the application, even if it occurred on their website.

Once members open business accounts, they will be able to generate their own API key to unlock mPayy’s payment services and add secure debit payments to their online or mobile websites and applications. API keys may be used to authorize one-time or recurring billing subscription payments for digital content and other services.

mpayy has added that merchants can receive mPayy members’ shipping information via additional service calls to fulfill orders conducted through its online and mobile payments service.

Conrad Sheehan, CEO of mPayy, said: “The largest concentration of mobile commerce purchases conducted thus far is the more than 1 billion downloads from Apple’s App Store. It’s only natural that mPayy extend its mobile debit payment platform to the iPhone, the distribution of which will only continue to grow.

“mPayy looks forward to enhancing the experience of iPhone applications with its secure payment services, and tapping into the incredible talent pool of thousands of iPhone developers seeking to expand mobile commerce opportunities on the platform.”